Randall S. van Reken, EA, CFP, ATP
Tax Man LLC
A client recently asked me to explain the “budget cut” deal made in Congress and if now, with all these cuts, would the budget and deficit be “okay?”
Hmmm! How can I possibly explain the Congressional gridlock, doublespeak, and deceit of the past few weeks?
Here’s the best I could do:
Imagine a really overweight guy with severe health issues because of it. That’s the national debt. (This analogy already strikes too close to home for me).
Also imagine that you’ve been getting about 10 pounds heavier each and every year for a very long time. That’s the annual deficit.
Next imagine that you’re at a social function (maybe a tea party) where you become fatigued and pass out. When you come to, there are a bunch of people staring at you, worried that you might keel over dead any time. That would be a “default.”
Several people comment that maybe you should do something about it. So do your family, friends, and co-workers. You decide that maybe it finally is time to do something. You spend hours festering, wrestling with yourself, debating on what to do about your weight problem. This is our Congress at work. And you finally come up with a plan. You tell family, friends, co-workers and doctor (that’s all of us) about your plan. And here’s what you decide to do, proudly announcing to everyone:
“Folks, I’ve decided that it’s time to get healthy and go on a diet.
SO NEXT YEAR I’M ONLY GOING TO GAIN 9 POUNDS, INSTEAD OF 10 POUNDS.”
We all know that’s no diet, but apparently it IS a budget cut . . . at least according to Congress. Bull puckey!!! THAT ISN’T A CUT.
And I’m not making any of this up. That’s the truly pathetic thing . . . that I don’t have to make any of this up. Congress does this all by itself. That’s the best that these clowns can come up with.
There isn’t a dime in the way of real cuts in any of this “deal.” The debt is still growing, albeit a bit slower maybe, but still growing to be sure. And it’s not even close to a step in the right direction. It’s only a shorter step in the wrong direction.
Try telling your doctor that your new diet plan is to get fatter, but slower. If I’m not mistaken, you would still get fatter this way. And somehow I don’t think that’s “healthier.”
Now that I have this little task over, it’s time for me to go on my own diet and work out. Now, where did I leave that Snickers bar?
A Fat Guy Explains the Budget Deal
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